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FOX News
Mar 10, 2013 6:00pm PDT
. >> they don't want to see you blame again. >> i worries about the debt ceiling which the government will hit in mid february. brown wants to hold the line but he fears they will cave. >> john by another is boehner ia great speaker but he is too nice of a guy. >> is that what this is going to be a bare knuckle brawl? >> no question, it already is. he warns them don't test him on the debt ceiling. >> i am not going to have a mt.ly conversation on whether or not we pay our bills. >> behind closed doors a cadre of leaders to spend the $14.4 trillion debt limit. they passed a law that would dock leaders pay. they haven't done that in nearly four years. giving barack obama a blank check is just in vein as far as i am concerned. >> the only people are that are pleased are the ones at the white house. >> this is a welcome of it still becoming law. >> our representatives are playing political paintballir. i think they want to stay in their jobs. >> january 29th broz weoswell, georgia. congressman price has breakfast with skeptical business leaders from their district. >> they continue to do the s
CSPAN
Mar 17, 2013 6:00pm EDT
next few months. the next big deadline is not until the debt ceiling comes up again, sometime between may and the summer based on the last legislation they pass. obviously the president is refusing to negotiate again on the debt ceiling. >> if they did that, they came together and got some sort of grand bargain in the budget process, does that avoid deadlines like the debt ceiling? does it get wrapped into there and deal with sequestration? >> that would be the idea. resolve the issues for the past several years. so the president would not have to do with it in the next couple of years. debating aing now continuing resolution which funds the government, keep the government running, what is the difference between that and what russell was talking about? >> we have not had budgets. we of been running on the stopgap system of confrontations every six months between democrats and republicans over the so-called continuing resolutions which keep the government running. over the past two years we have seen this circus of arguments between the two sides over extracting additional spen
MSNBC
Mar 8, 2013 7:00pm PST
ceiling horrible disaster of 2011. wall street headline was boehner continues to link that debt ceiling to cuts. house speaker boehner on thursday said he would continue to insist the next debt ceiling cuts be matched by the spending cuts, raised by the prospect. there is something to look forward to. what happened to the economy when we had a high stakes showdown? we've seen this movie before. this chart is all you need to know. that red circle right there, that is the big dip in new jobs added to the economy in may, june, july and august, where the united states was seriously talking about defaulting on the debt. we basically cut our job creation in half for that period. it was unprecedented. unnecessary, completely damaging economic sabotage. and washington keeps coming up with new and unusual ways to scare the economy, to take money and confidence out of the economy, none more twisted than taking the nation's credit rating and credit worthyness hostage. but washington, there is a way to stop doing it. it is not that complicated. just stop doing it. they could go home, go an
CSPAN
Mar 10, 2013 10:00am EDT
ahead a little bit to the debt ceiling. the summer of 2011 was a pivotal moment. it seemed like the country could potentially d. fox. the republicans and democrats were locked in a lot of negotiations. they have not resolved a lot of these issues. do you see the debt ceiling this summer and the fight game just as contentious as the was 2 years of the? >> it depends what we do or the next couple of months. we really need to buckle down and see if we can avoid going from crisis to crisis. we really need to do that. we will see. as i listen to paul ryan this morning, i am concerned. i think the republicans need to understand that there was an election. a lot of their proposals were part of this election. i think the public said something that was meaningful. i hope everybody will listen. >> we say thanks to our guests on newsmakers this morning. thank you for your time. >> it is my pleasure as always. i love to come here. i will not say how many of these cuts i have. -- cups i have. sometime at the ice cream in there when i'm not supposed to. >> will make sure you get some more. thanks
PBS
Mar 8, 2013 8:00pm PST
possibility of a debt ceiling later on. we work our way through those sorts of things. the story looks pretty positive for the economy. gwen: there are people their entire argument was spread cate on other side of the aisle on the idea that this was or was not going to be a big deal, the sequester, the word i hate to use. what was their reaction on capitol hill? >> there's a reality that this is sort of here to stay until they find some longer term alternative. one thing they tried to do this week is pass a spending bill to hopefully head off a government shutdown but that would give the pentagon some more things to implement these cuts. i do think that one thing to look for and one thing is that a lot of people said it's not going to be immediate. there was a build-up by the obama administration to say that this deadline march 1, but these furloughs have to be given at least 30 days notice. a lot of pentagon employees have to have a 60-day notice. it's going to be mid april and beyond. that's when we will start to see job losses, long lines at airports. that's when you're going to see some r
KICU
Mar 11, 2013 4:00am PDT
budget at the end of this month and then we have to get through the debt ceiling at the end of next month. but there seems to be some cooperation in washington and really that's what's been killing us lately. if there's progress there you should see it in the economy. > >what typically happens in springtime? things warm up, the economy starts adjusting accordingly. do you look forward to something happening that might tweak the numbers even more? > > so in springtime what you get is people traveling around more, you get more shopping because the weather is better and you get construction season. that's where you get the big surge is guys can get out and start putting things together again. we've had good housing numbers. prices have been going up. houses have been changing hands. and the most important thing is they've stopped depreciating. so that's a good signal for housing and we might get more turnover. > >brian battle, thank you so much. still ahead kick those 401k concerns. how to be prepared for the roadblocks in retirement ...thats next. 401k plans are being called a failure
CNBC
Mar 15, 2013 1:00pm EDT
, it is because the congress was playing russian roulette with the debt ceiling. it with was a solution which nobody thought would go into place as a way of raising the debt ceiling so we could take that risk off of the table. i think that one of the reasons why you are seeing the markets doing so well recently is because that tail risk has receded. it is important that congress raise the debt ceiling without drama when we reach that point again this summer. on the other hand, the president has tried as hard as he can to get congress to agree to a balanced approach to the fiscal problems and balanced approach that closes tax loopholes that smartly cut spending, and addressing the health care and entitlement problems, because that is the source of the deficit problems. i remember before christmas, we were negotiating with the congress, and speaker boehner tried plan b, and unfortunately, we could have addressed our problem problems at that point. >> right, rig. >> and now it looks like the se quester is going to be a slow grind on the economy. >> now back to the economic report
CSPAN
Mar 9, 2013 8:15pm EST
a lot of time in the price writing about where so you to extend the debt ceiling. the white house, whoever is there has to go to the congress and say, agree, you know? we're borrowing a trillion dollars. think about -- i was trying to figure out -- somebody was asking how much is a trillion dollars. that's about $3,000 for every one in the united states nap is a lot of money. they have to borrow that next year just to pay for what is going on. and how they are going do that. how they arrange it, i don't know. it's going to be, you know, i may have my second book . >> hi. in your research i was wondering how much you came across the discussion about dealing with the serious problem of jobs in it country. we're in a major depression, many say. since the great depression. it's contrary or contradictory to be concerned about the budget deficit when you take steps to have a negative effect on the economy. how much would it take effect? >> an excellent question. and of course, you create jobs by growing the economy. and you have to not only grow the economy. you need to stabilize it. yo
CSPAN
Mar 17, 2013 10:00am EDT
would happen over the next few months. there's the next big deadline is not until the debt ceiling comes up again which would be sometime between may and the summer based on the last legislation they passed. obviously the president is refusing of course to negotiate again on the debt ceiling. >> so if they came together and got some sort of grand bargain in the budget process, does that avoid deadlines like the debt ceiling? does it all get wrapped in there and does it deal with sequestration? >> that would be the idea to finally resolve these issues at least for the next several years that would include finding spending cuts. the president also wants revenue to replace the sequestration a as well as extend the debt limit for a period of time at least as the president wants it so he doesn't have to deal with it again at least in the next couple of years and perhaps the rest of his term. >> all right. heidi, the hearing now debating a continuing resolution which funds the government keeps the government running. what is the difference between that and what russell was just talking about?
CNN
Mar 17, 2013 12:00pm PDT
down, come may 18th, if we don't have a budget, we could reach the debt ceiling again. >> i think congress will come to some sort of agreement next week before they take a two-week recess to keep on being the government. they will pass a continuing resolution this week. i don't think that's going to be a big issue. the question sort of moving forward is what is going to be the sounding the debt ceiling. part of the president's outreach to republicans is to remind them he has put on a table about $400 billion in cuts to medicare and medicaid as well as about $130 billion in a shift in the way we calculate federal benefits. i think the contours of a deal will come, if it does come at all, around the debt ceiling date and the months leading up to it. >> nancy, good to see you, and andy lowry, the economic policy reporter at the "new york times." >> paul ryan calls his budget the path to prosperity. mitt romney hoped it would be the path to the presidency, but that didn'twork out. ryan will not be deterred. >> i'm proud of our budget because it's changed the conversation. today, we're
CNN
Mar 16, 2013 10:00am PDT
, we're set to hit the debt ceiling. some say that's going to be the real showdown. annie lowry is the economic policy reporter with "the new york times." nancy cook is the economic and fiscal correspondent for the "national journal." annie, both sides put budgets out. everybody knows neither one is going anywhere. what happens next? >> eventually we'll go through the same sort of continuing resolution process you've seen in the last couple years. the budgets are political documents. they'll probably both pass their respective houses but there's almost no way to bridge the gap between them and they're very vague documents. again, these are kind of political postures. we'll go through the same sort of slow process of appropriating money through continuing resolution that we've last the last couple years. >> the budgetary process, central to what the government is supposed to do, not supposed to be a political process, sure, the government's priorities but it's technical where everybody tries to come together and hammer it out. when people say things -- nancy, they say this a lot, ev
CSPAN
Mar 15, 2013 7:00am EDT
growing.on and the debt ceiling had been set a certain level. now they have uncapped it until may 16. the government can continue to burn as much debt as they need to finance the government through may, and that a couple more months, as they use a murder to measures at the treasury department, but we will close -- we will be close to $7 trillion by the end of the year. host: you can contact us here or send usc-span.org a tweet to twitter.com/cspanwj. the house has passed a budget resolution through the committee, no problem. then it will go to the senate floor, their budget resolution. both of these things will be happening next week. i think there will be more interest on the house side. the republican caucus in the house is a little less predictable, let's put it that way, than the senate democratic groups. if they can keep this budget resolution and get it through the house floor, then we can begin the process where the senate democrats and house republicans meet in conference and try to iron out the differences. that will be difficult but the process that needs to take place if they w
PBS
Mar 16, 2013 12:00am PDT
negotiations over the debt ceiling. the administration wanted to clean increase in the debt ceiling. when we were facing a potential disaster because of reluctance on the part of congress to raise the debt ceiling. we saw a solution which we hope would not be put in place. no one expected it to be put in place. the idea was to have a commitment mechanism we wouldn't need to force us to make better policy decisions on the sequester. and in the negotiations, what i was referring to was the fiscal cliff negotiations at the end of last year, where the matters were very close. the president did not ask for more revenue in those negotiations. he actually asked for less. he had 1.6 trillion in his budget, came down to 1.2 trillion. i will point out charlie the president has done unusual he's kept his last offer on the table. he didn't retreat and say no i want to go back to that original figure. he kept some very difficult offers on the table to reach a bargain, including entitlement reforms. and so the president has been looking for a balanced way to do this. and in some sense it's the other si
CSPAN
Mar 13, 2013 6:00am EDT
request to raise the debt ceiling again later this summer, we will be discussing again the possibility of finally solving our huge deficit and debt problem by making the kind of changes to the entitlement side that we now we have to make if we are going to save these programs and save our country. >> [inaudible] >> not since for a long time has the president failed to submit a proposed budget to the united states congress except for the current occupant in the white house who has missed that deadline four times out of five. if there is a better way to bring yourself irrelevant to the debate on the most important issue facing our country today, that might well be have taken the cake. the president's budget will not get here until after the house and the senate have passed their own budgets. if the president wants to be constructive and have to suggestions on how to put the budget in balance, he would send our budget that his budget in before the house and the senate passes their own budgets. that might be the reason we find ourselves $16.5 trillion in debt and on the cusp of
CNN
Mar 9, 2013 3:00pm PST
. >> and raising the debt ceiling, before july and august, if they don't that would end a very uncertain message to business operators who want to hire a lot of people. >> hard to believe we can go through that again, after 2008 and 2011. and not inconceivable. you have the situation where neither party has fully adjusted to the reality they are here at least for two years. and probably giving the dynamics for sharing power, you know, republicans face the reality the thing they want most, the thing to control the government on entitlements, with president obama they won't get that without accepting more revenue. and of course, the president has to be serious from the other end about finding a way to kind of move forward on the entitlement end. right now, they're find iing it easier to fight than switch. >> the good news is that words are porous, and revenue doesn't have to mean an increase in tax rates so they have to find some way to make it palatable to republicans. and when you talk about cuts and entitlements, they're saying there is a way to do that they can find their way
FOX Business
Mar 11, 2013 7:00pm EDT
this one as a part of a deal to extend the debt ceiling into this summer republicans said you pass a budget, we keep passing them, you pass a budget we don't get paid enough senators are not multimillionaires that pose a credible threat and so they're going to have to do it, but you can certainly understand why they wouldn't want to because it is a costly undertaking. lori: what do yo you think of ts second budget for paul ryan aiming to balance the budget now 10 years versus the first attempt which looks to balance the budget in 30 years. critics said that wasn't conservative enough. >> i think paul ryan is great in his budget are serious and well focused and very good budgeting. i was the first chief economist when it was formed, and paul ryan i can tell you and assure you reading those numbers inside-out, backward and forward and it is a good budget. will it pass? no. will it set the table for what republicans want to do after the election in 2014? i think so. this is the type of challenge, the club on the ground that is being thrown to the democrats and see if you can match a bud
CNBC
Mar 13, 2013 5:00am EDT
done that keeps the government open starting at the end of march. we get to debt ceiling during the summertime and republicans won't raise the death ceiling unless we have cuts and democrats will revolt at that. i don't think that will happen. i think they'll find some way to raise it for another year or so in a way that's not terribly damaging to the economy because while republicans don't want tax increases, they also know they got decimated the last time we had a debt ceiling crisis and didn't look good coming out of the fiscal cliff and they nevada look good coming out of budget fights. it's not worst case scenario to kick the can down the road. that's what we'll do. >> you can look at this and shake your head at where we have come to without this normal budget making process, whatever normal used to be. markets continue to be at multiyear highs. we're not necessarily getting any cuts that are significant enough to derail growth in the long-term but at the same time we're not getting reform to encourage people about the budget and a balanced budget longer term but the market doe
NBC
Mar 11, 2013 12:00am PDT
year's debt ceiling fight, boil down a long conversation. listen to ford aasking johnson to even discuss the issue. >> can i talk to you about another matter? >> yes, sir, anything want to, any time. as a matter of fact i recept a little bit you don't call me. >> we have debt limitation up tomorrow. >> you know what, i'm a good country girl. i can feel it when you do it to me. i have been doing it to you all, all these years. i know what you dorks run my deficit up past eisenhower. >> oh, goodness. chris: and more great stuff here in the johnson tapes. gridiron weekend in washington, of course. that's a peg for this johnson excerpt we found. listen to the president johnson, already pulled down in the vietnam war. refuses to go to the gridiron dinner that year, completely rejected a pitch from the gridiron club president. >> at dinner, we will have, pardon the expression, kennedy and reagan. against that background it seems to me that there's an opportunity for you -- it's an opportunity to set the great dignity of the presidency against these two upstarts. i think it might be a d
FOX Business
Mar 10, 2013 8:00am EDT
you have to be ma masculine to be emasculated? >> and the debt ceiling debates and all that, definitely impacts from the government shenanigans going on and i want to highlight, it's not that the government shouldn't spend in more money than they take in during a recession, it's when you're outside of recession and more or less headed to the balanced budget. that's what the market wants to see, we can do that and not have another recession. otherwise you're japan, perpetually spend more than you take it. this is a good leg to stand on. if the cuts kicked in a year ago or year before, i think the market would have tanked. this year, people are spending and-- >> now, toby, let's take a look at where we're headed because we talk a lot about new record highs, but you know, back five years ago, we were about at the same place and kind of back to the future. i mean, we haven't gone. >> yeah, brenda, i mean, this idea that we've hit this all-time high and people should feel really good, right? why don't they feel so good? well, you know the people who own stock is a relatively smal
PBS
Mar 12, 2013 12:00am PDT
those who think that issues like the debt ceiling and sequestration are phantom issues, a phantom issues masquerading as a conversation about austerity, you say what? >> i say those are -- they are crazy, right? this is no way to run any country, certainly not the greatest nation on earth. that we are -- we have a party that basically lost an election, there was a referendum on what kind of policies we are going to have. what are we going to do about the social safety net, taxes on the wealthy? they lost but partly because of the quirks of our districting system, they still retain half of one piece of the government. they are using that to threaten the united states with one crisis after another. it is pure hostage-taking. and this is no way to live. there is no economic reason to be having a sequestered. there is no economic reason to have a series of debt crises. this is all about truly unacceptable political behavior. tavis: even on the side of the election season, the campaign season, one of the things i hate about washington these days as well you -- as you well know is the c
CSPAN
Mar 15, 2013 11:00pm EDT
? >> guest: that's a good question. the biggest question right now is the debt ceiling in july and august could be the next powder came. both sides seem to be shying away from a showdown over funding the government. they don't want to risk a government shutdown because both sides can blow up in their faces. that's probably a safe die. >> host: to join on c-span radio, which is her coast-to-coast, our guess is damian paletta covers the budget and economic policy issues for "the wall street journal" is joining us from clinton, maryland. our life for democrats, good morning. >> host: can you hear me okay? >> guest: if you turn the volume down, we'll hear you much better. >> caller: nobody's talking about jobs. we need to focus more on jobs and cutting the budget. our going to get out of the situation is people are paying taxes. so we are worried about cutting back and we need to go forward with jobs. with the sturdy programs, they're going in the hole. we don't want to do that. we want to move forward. we have an election and the people said they wanted to go with the democratic plan
MSNBC
Mar 11, 2013 6:00pm PDT
in congress over the debt ceiling the one thing they wanted and something they have wanted for years now, the one thing they demanded is for senate democrats to give them a budget. now something important to note here. white house has been hanged out a detailed budget year after year after year. there is not a year they have missed. republicans, every single year, republicans in congress hate it and they oppose it and say it raises too much in taxes and doesn't cut spending enough but it's there. house democrats have also put forward budgets but that is not enough. republicans in the house say the senate democrats, the senate democrats are the folks who need to give them a budget. for some reason, republicans have become really fixated on this idea. senate democrats must produce a budget. it is always winning. house speaker john boehner is so excited about the prospect of the budget that is coming now from the senate democrats, he thinks the moment this happens people will see how much more popular republican policy is. mr. boehner tweeted this morning americans want spending c
CNBC
Mar 11, 2013 12:00pm EDT
, then confidence plunged during the debt ceiling debate but spending accelerated. >> barry, it's joe again. i want to go back for one second. again, in terms of the ism manufacturing figures which are incredibly relevant and friday's labor report, should i dismiss what is perceived to be as improvement in those figures? >> not completely. my broader point -- maybe i wasn't being particularly clear. if so, i apologize. the capital spending side has improved somewhat. capital spending has rebounded with business confidence. but ultimately a final demand slips. if consumer spending continues to look as soft as all the anecdotes would imply and that continues through the first half of the year, business confidence will take a leg back down for that reason and that reason alone. and recall, while i am also encouraged by the labor data, i'm a little reluctant to get carried away with that because we had the same dynamic because of seasonals each of the last three years as well by the time we got to the second quarter, it weakened. my broader point is it has to be about consumer spendin
CSPAN
Mar 14, 2013 5:00pm EDT
negotiations in washington over what we call the debt ceiling. the debt ceiling must be lifted by us in congress if the federal government cannot pay its bills and we must borrow more to give that authority to the administration. that negotiation ended with three outcomes. first, congress would cut spending by an amount greater than the rise in the debt ceiling. second, a super committee would be formed to negotiate the right type of tax reform and the right type of spending reduction. third, automatic spending cuts, now known as the sequester would take place -- this was proposed by the president and agreed to us by us in congress -- if the super committee failed. these automatic cuts to the budget was supposed to be so distasteful that it would motivate us all to find solutions to fix the budget crisis. but the super committee failed. now the sequester has kicked in. mr. speaker, 70% of americans want this deficit reduced. i imagine those numbers are probably higher in nebraska where i live where fiscal responsibility is the core characteristic of family life and business ethics as we
FOX News
Mar 14, 2013 2:00am PDT
republicans. the white house wants to pass a budget for next year and raise the debt ceiling but during an interview with abc he said the u.s. doesn't have an immediate debt crisis. >> have an immediate crisis in terms of debt. in fact for the next ten years it will be in a sustainable place. >> that is a startling different stance than we heard from the president during his 2008 campaign. >>> number 43 added $4 trillion by his loan some so we have over $9 trillion of debt that we are going to have to pay back. 30,000 dollars for every man, woman and child. that's irresponsible. it's unpatriotic. >> republicans kararen't takinge comments likely. they approved paul ryan's blue print plan that would balance a budget in a decade with $4.6 trillion worth of cuts. the house will consider it on the floor next week. republicans say the debt needs to be handled with more urgency. >> my view is, i think he and many like him, many democrats on capitol hill for that matter don't think of this as a debt crisis because things haven't imploded yet. it's not a question of if it's a question of when. >
FOX Business
Mar 11, 2013 9:00pm EDT
least the federal level. we have the national debt ceiling. it just keep raising the money. gerri: one other topic. it's a story that i have been just so excited about. john paulson, remember him, the hedge fund manager that may sum much money betting against us, our mortgages. he has billions of dollars. he is moving to prick rico because they have this new role for new residents, you don't have to pay capital gains taxes, u.s. taxes, any taxes from pr. tubes. are your clients saying, hey, get me out of this tax situation? >> is very interesting to sit there and think you can pick up and leave the united states. the big issue is are you ready to revoke your citizenship and all the benefits that go with that? when you look at the super rich they have that ability. if they are planning to sit theee and run off into the sunset, that's a viable option. for people making 400,000 to a million, which are considered wealthy individuals, that type of planning is not point to be realistic. >> if you're in part rick you keep your citizenship. the taxes you avoid. gerri: the best of both wor
CNBC
Mar 12, 2013 1:00pm EDT
we'll find as we get through the debt ceiling, the sequestration, a bit of volatility, but i think the summer into the fall will be good illustrates kenny, thank you very much, as always. >>> does the biggest etf player believe in this rally? we have 3.7 trillion dollars worth of advice from one of blackrock's top strategists. that's coming up in the next half hour. >>> merck moving up, an independence monitoring board has allowed it to continue its trial on the safety and effectiveness of the blockbuster vytorin. and there you see the stock. pfizer moving a bit lower, the fda said the zmax can cause a heart. >>> dialing up the heat, at&t announcing consumer and corporate presales of the new blackberry z-10 phone opening today. it comes ahead of samsung's much anticipated release of the latest galaxy phone. blackberry shares up 25% so far this year -- well, actually about 20%, according to that chart at 14.30, a bit lower right now by about 60 cents today. jon fortt is at an at&t store out in the valley, silicon valley, that is. jon? >> reporter: yeah, here in palo alto in high hopes b
CSPAN
Mar 15, 2013 6:00am EDT
a place like china. the resolution to this debt ceiling debacle led to the first downgrading of american credit in the history of this country. we have a president who refuses to put a single plan on paper that addresses the deficit spending, entitlement reform, those are inexplicable. he is willing to do a photo op with he's more than willing to do a theo op to talk about 1% of total annual budget. if the president is word about overtime pay for capital janitors, i say what about the stagnant wages of millions of american workers? what? americans resigned to food stamps? what about small businesses and homeowners that cannot get loans because of dodd-frank? what about more than 20 million americans who cannot get full- time work due to the most anemic recovery since the great depression? mr. president, your plan to tax and spend our nation to l asperity will fai spectacularly as the economics you have borrowed from john maynard keynes. thes be clear about what is crux of the debate in washington. americans will surrender to the creation of a massive welfare states in the image
CSPAN
Mar 10, 2013 7:00am EDT
debt ceiling, which is going to be the next big deadline. the next big deadline will be the debt ceiling with john boehner repeating he wants to see a dollar in spending cuts for every dollar in increase. people are going to start hearing more about the debt ceiling. it is probably going to kick in in july and august. host: 1 deadline we are watching is march 22. that is the continuing resolution. it is only in a couple weeks. guest: think everyone is tired of fiscal fight here in washington so there seems to be sentiment to move that forward to not try to completely undo the sequester. part of that may be modifying it, paying in particular for the military. having said that, sometimes these things have a way of becoming showdown's at the last minute. it does not look like we are heading in that direction. host: every time they go in there and tinker with the sequestered they get more flexibility. the greater the likely this questor stays in place. that is less reason to say these cuts are painful. if the government has the ability to place these cuts with some flexibility, the h
Current
Mar 11, 2013 3:00pm PDT
people just get tired of all of these numbers from sequestration to budget to debt ceilings? i'm tired of it so i would imagine the average voter is tired of it too. >> right. i mean what -- what this does i think -- and this can be shown clearly by the democrats, look we have conference calls all today tomorrow on the ryan budget. this hurts the economy right. we just had great job numbers, things are moving up if we can forge a grand bargain, and put this stuff together, in my view then we continue this economy. my sense of this is -- and hopefully we can do that and i think it's a win-win for democrats. the economy gets better. folks say look obama's plan worked. these guys deep six any kind of agreement and you lose the 750,000 jobs this year that the economists are predicting then the republicans get stuck being the extremist party. >> michael: alex tell me, though, as we talk about budgets, campaign and spending, what is the latest on organizing for action? will it be up and running in time to make a difference on the budget? >> well, that's sort of the big question, and th
CSPAN
Mar 10, 2013 6:30pm EDT
that we will hold that seat. >> i want to look ahead a little bit to the debt ceiling. the summer of 2011 was a pivotal moment. it seemed like the country could potentially deduct. the republicans and democrats were locked in a lot of negotiations. they have not resolved a lot of these issues. do you see the debt ceiling this summer and the fight game just as contentious as it was 2 years ago? >> it depends what we do or the next couple of months. we really need to buckle down and see if we can avoid going from crisis to crisis. we really need to do that. we will see. as i listen to paul ryan this morning, i am concerned. i think the republicans need to understand that there was an election. a lot of their proposals were part of this election. i think the public said something that was meaningful. i hope everybody will listen. >> we say thanks to our guests on newsmakers this morning. thank you for your time. >> it is my pleasure as always. i love to come here. i will not say how many of these cups i have. sometime at night the ice cream is in there when i'm not supposed to. >> will
FOX News
Mar 10, 2013 1:00pm PDT
he said he wants to get past the sequester, to deal with the debt ceiling, the continuing resolution, so we have a real budget plan. >> that is what we want. i think the american people want. >> the white house announced they want a grand bargain by the end of july when the next debt ceiling vote is due. now county that is what we all want. >> what will they do to get there? >> they will have to reform medicare. that is the biggest driver of our annual spending and debt and medicaid and talk about social security. the proof is in the pudding. the president has never brought this up in a constructive way. >> if you look at simpson-bowles is it that offensive if you raise the retirement age so it is in sink with longevity. >> you means test social security and medicare, you raise the retirement age, you fix the cpi on social security, and you show some flexibility on tax reform and raising or lowering rates to try to have a seamless system. >> you have $650 billion in tax hike, will that get anymore, congressman? >> he may get revenue hikes by tax reform. >> he has not been willing to
MSNBC
Mar 17, 2013 5:00am PDT
. you know, the debt ceiling deal that was made early this year was only a 90-day limit. it means that we are governing by crisis which means we are not governing at all. >> wait. draw that out. governing by crisis you think creates greater conditions for bad regressive policies than some kind of actual -- >> we make bad decisions, all humans do, make bad decisions when you are under the gun and only solving it for a few days, putting a band-aid on a much bigger issue. >> that's why the republicans have insisted on only taking it down to a few days. that's why in january they postponed the debt ceiling deadline by three months. because they want to create another crisis that's why we have the -- >> right. here is the question. progressives -- the argument -- trying to tease out here a progressive argument -- >> the gang of 32 says we don't like kicking the can down the road more than you do. the tooth is the republicans and democrats and gang of 32 have very different ideas of how to solve the problem. we did agree on a corset of five principles. and that is a basis to make a deci
CSPAN
Mar 17, 2013 6:00pm EDT
holding the debt ceiling hostage. so unilaterally declared that to the floor for cuts and not a ceiling and now it is a way of avoiding the sequestration of the defense budget to the remarkable set of additional cutbacks and means tested programs of one sort or another. i even solve the most analytic reporters that david rogers of politico showed in the course of writing about that. and of course we had yesterday a successful republican filibuster on the senate democratic plan extending the law were student loan rate in financing it in a particular way. i know in "the new york times" this is the 21st successful republican filibuster in this congress. most of it is not if you will consequential and the filibuster was in the first two years because there was a republican house and democratic wishes from the white house and the senate are not likely to be realized but the fact is that it has been so commonplace and it's taken for granted in most press reports the word filibuster never is elevated to the story itself because it is a procedural motion. it didn't get the 60 votes it n
CSPAN
Mar 11, 2013 12:30am EDT
the sand over the debt ceiling, which is going to be the next big deadline. the next big deadline will be the debt ceiling with john boehner repeating he wants to see a dollar in spending cuts for every dollar in increase. people are going to start hearing more about the debt ceiling. it is probably going to kick in in july and august. host: 1 deadline we are watching is march 22. that is the continuing resolution. it is only in a couple weeks. guest: think everyone is tired of fiscal fight here in washington so there seems to be sentiment to move that forward to not try to completely undo the sequester. part of that may be modifying it, paying in particular for the military. having said that, sometimes these things have a way of becoming showdown's at the last minute. it does not look like we are heading in that direction. host: every time they go in there and tinker with the sequestered they get more flexibility. the greater the likely this questor stays in place. that is less reason to say these cuts are painful. if the government has the ability to place these cuts with some f
CNBC
Mar 13, 2013 6:00am EDT
position before with the debt ceiling. if i don't get what i want, i'm blowing up the building. >> the market doesn't care what's happening in washington. >> that's right. washington is making its irrelevant. >> the market has voted those guys irrelevant. >> right. >> why -- i think they do care. i think they were worried washington would do something even worse. and so i think getting through the mine field and nobody, nothing incredibly terrible happened. actually is what is reducing the risk premium and causing the market -- >> not to mention the economy is improving, which means tax revenue is coming in and spending cuts have been made to this point that some people say are significant. >> the deficit has been reduced very significantly. not in a way that anybody thought was particularly intelligent. but it's happened. >> you're starting to see capital expenditures. capital spending even at that level, people, it's business confidence. these events that were really scary are now behind me. what does it mean to me? i'm going to go ahead and invest. >> the one and only question is fo
CNBC
Mar 12, 2013 7:00pm EDT
, certainly the debt ceiling will not be approached. so maybe washington is helping the stock market. >> well, you've got a little bit of certainty and a narrow window. and i think more important than any of that certainty right now, larry is that the federal reserve is still there spending that $85 billion a month. katy barred the door when they stop spending. until then, i think you've got to be short term bullish, the trends you're friends. you don't fight the feds, you don't fight the tape. i think this thing is going higher. when they stop, i worry, because the real organic growth, i don't think, is there. and i love jack pa reduce and he knows it. >> jack, one point i want to make, putting the fed aside, i think profits are the mother's milk of stocks accide, not the reserve. but jack, if the economy grows faster than people expect, medium and long-term interest rates will rise. that's the real interest rate effect. that won't hurt stocks. that actually might help stocks. >> well, eventually we've got to see that rotation, larry. look, we're looking at these low interest rates.
MSNBC
Mar 13, 2013 6:00am PDT
something that's going to go to conference on each side? it's as if nothing happened since the debt ceiling debacle of july 2011. neither budget seems to reflect the reality of where things are in d.c. these budgets were created solely, solely for interest groups who keep score to decide who is a real democrat and a real republican. these budgets were not even designed to start the conversation on the grand bargain. this was, maybe one baby step forward, and everybody proposed a budget, but it's three steps back. so the question is whether the two parties can bridge this wide divide and tackle serious entitlement and tax reform. this is where the president may or may not decide to fill the vacuum. in an interview with abc news, the president said it's possible nothing will happen. >> right now, what i'm trying to do is create an atmosphere where democrats and republicans can go ahead, get together, and try to get something done. but ultimately, it may be that the differences are just too wide. >> interesting to see, when the president releases his budget, senate democrats were much
FOX News
Mar 8, 2013 10:00pm PST
july 21 debate over the debt ceiling and then the super committee and the failure of the supercommittee when the president threatens to veto any attempts to get around the sequester cuts. the sequester cuts at that point he was happy with, he wanted them to be implemented and we can't consider the cuts. now he claims the same cuts would be calamitous. look, everybody on all sides of this i think has some egg on their face. >> greta: is that egg-- wouldn't they be embarrassed? not just egg, not one of them is sitting there coming up, now, once march 22nd rolls around they're out of town and what they've done, trashing each other leading up to it. >> this was the problem with the the entire sequester process, the entire super committee, from its conception back in july of 2011. anytime you give politicians in washington an opportunity to take an out, however difficult it might seem on the surface, where they're not going be to be blamed directly. >> that was their idea. >> they're-- >> we didn't impose it upon them. -- >> the idea originated from the white house. >> they lied about that a
PBS
Mar 12, 2013 5:30pm PDT
you have to keep in mind they're setting up the parameters for the debt ceiling fight that we're going to face this summer. with each of these things, it sort of feeds into the next budget battle. that's what it's meant to do this week. >> brown: in the meantime you have the president coming to capitol hill today for the first time with four meetings with all the different factions. what do you hear from members about either the ones who have already participated or are they looking forward to this? do they see something good coming out of it? what's going on? >> the great thing about hving the bully pulpit of the white house is even if people are critical of the president, it's always flattering to either get an invitation from the president to dinner or to have the president come visit politicians' turf by coming up to capitol hill. i talked with a number of senate republicans last week who seem to... you know, they seemed excited by the dinner. they were unclear if it would lead to a big budget deal. i think today senate democrats were a little less flattered but still excited that
PBS
Mar 15, 2013 3:00pm PDT
cast fee these debt ceiling and overnight things that's had an unnerving effect on investment investment. if we could stop that. >> aren't you guy who championed the search, infrastructure education. where is that coming from? >> i'm not talking about doing all that stuff. i'm talking about -- >> woodruff: i'm out of this. have at it. >> that's not be dysfunctional. you can have good government, i'm all for that but let's not have dysfunctional government which has been so unnerving. >> do you know anybody who has spent as much -- >> yes, i know -- >> who is running on that ticket. okay you had another question. >> woodruff: i'm going to wrap this up by asking you about the pope. the catholic church has chosen a new leader, francis of argentina, jesuit, somebody who is a humble person. >> he was thrilled. i found his humanity enormously appealing. i love the fact he has spoken about income and equality, about the thin of the misappropriation in society where people are poor that's an offense against common decency. it's a little bit like gerry ford succeeding richard nixon. th
CNN
Mar 13, 2013 8:00am PDT
. they've got until really the end of july, early august. that's when the nation's debt ceiling has to be raised once again and if they don't do it by then, america's crededy worthiness could be endangered once again, a reduction in america's credit rating. there's a lot to discuss. >> you are a hopeful, hopeful man, wolf blitzer. charm is always a good thing. we will see how far charm takes the president with the ideas so die metically opposed. you can join wolf this afternoon as we go inside the tsa's secret store room, on "the situation room" today at 4:00 eastern time. >>> she, of course, came into our lives as a strong and independent rhoda on "the mary tyler moore show." valerie harper is showing us how to face the end of life gracefully and completely and with such courage. [ nyquil bottle ] you know i relieve coughs, sneezing, fevers... [ tylenol bottle ] me too! and nasal co [ tissue box ] he said nasal congestion. yeah...i heard him. [ female announcer ] tylenol® cold multi-symptom nighttime relieves nasal congestion. nyquil® cold and flu doesn't. a body at rest tends to st
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